Day: 10 December 2024

Vancouver Mayor Proposes Adopting Bitcoin to Diversify Financial Reserves and Protect Against Inflation

Ken Sim, the mayor of Vancouver, has proposed that the city explore integrating Bitcoin into its financial systems as a potential strategy to combat inflation and safeguard its purchasing power. On December 11, Mayor Sim introduced a motion titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – ...

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Web3 Banking Services Provider Klickl Raises $25 Million in Series A Funding, Plans Offering Expansion in Asia

Klickl International, a UAE-based Web3 banking service provider, has closed an oversubscribed $25 million Series A funding round, raising its valuation to $125 million. According to the firm's press release, the round was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, ...

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